{"id":903,"date":"2016-07-26T01:23:17","date_gmt":"2016-07-26T05:23:17","guid":{"rendered":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/?page_id=903"},"modified":"2017-04-13T12:26:42","modified_gmt":"2017-04-13T16:26:42","slug":"5-and-10-year-subsidized-loan","status":"publish","type":"page","link":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/5-and-10-year-subsidized-loan\/","title":{"rendered":"5 and 10 Year Subsidized Loan"},"content":{"rendered":"

Sample Direct Subsidized Loan Repayment Schedule<\/h3>\n

Loan Amount : $3,500 <\/strong>
\nTerm of the Loan : 5 years<\/strong>
\nInterest Rate : 4.29%<\/strong><\/p>\n

Calculation Results<\/h2>\n

Monthly Loan Payments : $64.92<\/strong>
\nTotal Interest Paid : $395.01<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n
Year<\/th>\nLoan Balance<\/th>\nYearly Interest Paid<\/th>\nYearly Principal Paid<\/th>\nTotal Interest Paid<\/th>\n<\/tr>\n
2016<\/strong><\/td>\n$2,858.63<\/td>\n$137.64<\/td>\n$641.36<\/td>\n$137.64<\/td>\n<\/tr>\n
2017<\/strong><\/td>\n$2,189.21<\/td>\n$109.57<\/td>\n$669.42<\/td>\n$247.21<\/td>\n<\/tr>\n
2018<\/strong><\/td>\n$1,490.49<\/td>\n$80.28<\/td>\n$698.70<\/td>\n$327.50<\/td>\n<\/tr>\n
2019<\/strong><\/td>\n$761.20<\/td>\n$49.71<\/td>\n$729.29<\/td>\n$377.21<\/td>\n<\/tr>\n
2020<\/strong><\/td>\n$0.00<\/td>\n$20.75<\/td>\n$761.23<\/td>\n$395.01<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n

Loan Amount : $10,500<\/strong>
\nTerm of the Loan : 10 years<\/strong>
\nInterest Rate : 4.29%<\/strong><\/p>\n

Calculation Results<\/h2>\n

Monthly Loan Payments : $107.76<\/strong>
\nTotal Interest Paid $2431.27<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Year<\/th>\nLoan Balance<\/th>\nYearly Interest Paid<\/th>\nYearly Principal Paid<\/th>\nTotal Interest Paid<\/th>\n<\/tr>\n
2016<\/strong><\/td>\n$9640.56<\/td>\n$433.69<\/td>\n$789.22<\/td>\n$433.68<\/td>\n<\/tr>\n
2017<\/strong><\/td>\n$8743.51<\/td>\n$396.07<\/td>\n$897.06<\/td>\n$829.76<\/td>\n<\/tr>\n
2018<\/strong><\/td>\n$7807.21<\/td>\n$356.82<\/td>\n$936.31<\/td>\n$1186.59<\/td>\n<\/tr>\n
2019<\/strong><\/td>\n$6829.94<\/td>\n$315.85<\/td>\n$977.28<\/td>\n$1502.45<\/td>\n<\/tr>\n
2020<\/strong><\/td>\n$6746.20<\/td>\n$273.11<\/td>\n$1020.01<\/td>\n$1775.55<\/td>\n<\/tr>\n
2021<\/strong><\/td>\n$5809.92<\/td>\n$228.47<\/td>\n$1064.65<\/td>\n$2004.03<\/td>\n<\/tr>\n
2022<\/strong><\/td>\n$4745.22<\/td>\n$181.89<\/td>\n$1020.01<\/td>\n$1775.55<\/td>\n<\/tr>\n
2023<\/strong><\/td>\n$3634.03<\/td>\n$123.27<\/td>\n$1159.68<\/td>\n$2319.19<\/td>\n<\/tr>\n
2024<\/strong><\/td>\n$1263.57<\/td>\n$82.52<\/td>\n$1210.62<\/td>\n$2401.71<\/td>\n<\/tr>\n
2025<\/strong><\/td>\n$0.00<\/td>\n$40.25<\/td>\n$2007.19<\/td>\n$2431.27<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sample Direct Subsidized Loan Repayment Schedule Loan Amount : $3,500 Term of the Loan : 5 years Interest Rate : 4.29% Calculation Results Monthly Loan Payments : $64.92 Total Interest Paid : $395.01 Year Loan Balance Yearly Interest Paid Yearly Principal Paid Total Interest Paid 2016 $2,858.63 $137.64 $641.36 $137.64 2017 $2,189.21 $109.57 $669.42 $247.21 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-903","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/pages\/903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/comments?post=903"}],"version-history":[{"count":1,"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/pages\/903\/revisions"}],"predecessor-version":[{"id":905,"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/pages\/903\/revisions\/905"}],"wp:attachment":[{"href":"http:\/\/mccdemosite1.devsiteurl.com\/financial-aid\/wp-json\/wp\/v2\/media?parent=903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}